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2022
Exports $1.51BWorld Rnk 1 / 180
Flag Rnk 354 / 1216
2022
Destination $23.7M United States
2021 - 2022
FASTEST GROWING MARKET $23.7MThailand
2022
PRODUCT COMPLEXITY IN Tufted Carpets0.096Rnk 524 / 1025
2022
Imports $32.5MWorld Rnk 41 / 215
Flag Rnk 847 / 1212
2022
Origin $1.8M Japan
2021 - 2022
FASTEST GROWING ORIGIN $1.8MHong Kong
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $1.51B in Tufted Carpets, making it the 1st largest exporter of Tufted Carpets in the world. At the same year, Tufted Carpets was the 354th most exported product in China. The main destination of Tufted Carpets exports from China are: United States ($213M), Japan ($147M), Australia ($102M), Vietnam ($77M), and Saudi Arabia ($65.9M).

The fastest growing export markets for Tufted Carpets of China between 2021 and 2022 were Thailand ($23.7M), India ($18.4M), and Malaysia ($9.76M).

Imports In 2022, China imported $32.5M in Tufted Carpets, becoming the 41st largest importer of Tufted Carpets in the world. At the same year, Tufted Carpets was the 847th most imported product in China. China imports Tufted Carpets primarily from: Japan ($6.36M), China ($3.1M), India ($2.4M), Hong Kong ($2.4M), and United States ($2.1M).

The fastest growing import markets in Tufted Carpets for China between 2021 and 2022 were Hong Kong ($1.8M), Poland ($695k), and Switzerland ($294k).

COMPANIES In 2023, leading companies such as IKEA Group (172), 99 Cents Only Stores (17), and Home Dynamix (3) were at the forefront of shipping Tufted Carpets from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Tufted Carpets exports accounted up to $115M and imports accounted up to $2.15M, resulting in a positive trade balance of $113M. Between July 2023 and July 2024 the exports of China's   Tufted Carpets have increased by $1.43M (1.26%) from $114M to $115M, while imports decreased by $-1.92M (-47.1%) from $4.07M to $2.15M.

Destinations In July 2024, Tufted Carpets were exported mostly to United States ($18.9M), Japan ($8.34M), Australia ($5.63M), Germany ($4.49M), and Saudi Arabia ($4.45M), and were imported mostly from Japan ($630k), Germany ($274k), United States ($186k), Netherlands ($176k), and India ($136k).

Growth In July 2024, the increase in Tufted Carpets's year-by-year exports was explained primarily by an increase in exports to Thailand ($3.75M or 108%), United States ($3.02M or 16.2%), and Singapore ($1.51M or 134%). In July 2024, the decrease in Tufted Carpets's year-by-year imports was explained primarily by a decrease in imports from India ($-404k or -78.2%), Japan ($-394k or -64.6%), and Belgium ($-111k or -55.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$1.43M(1.26%)
IMPORT GROWTH (July 2023 - July 2024)$-1.92M(-47.1%)
MAIN EXPORTER (July 2024)Jiangsu Province$47.5M
MAIN DESTINATION (July 2024)United States$18.9M

This section shows Tufted Carpets's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Tufted Carpets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.51B
IMPORTS (2022)$32.5M
NET TRADE (2022)$1.48B

In 2022, China exported $1.51B in Tufted Carpets. The main destinations of China exports on Tufted Carpets were United States ($213M), Japan ($147M), Australia ($102M), Vietnam ($77M), and Saudi Arabia ($65.9M).

In 2022, China imported $32.5M in Tufted Carpets, mainly from Japan ($6.36M), China ($3.1M), India ($2.4M), Hong Kong ($2.4M), and United States ($2.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tufted Carpets EXPORT MARKETS FOR China WERE (2021 - 2022):
Thailand$23.7M (119%)
India$18.4M (108%)
Malaysia$9.76M (18.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tufted Carpets BY China WERE (2021 - 2022):
Spain-$27.2M (-41.7%)
United Kingdom-$26.2M (-48%)
France-$19.3M (-43.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Tufted Carpets were:
Netherlands $933M
Belgium $844M
In 2022, China's main importing competitors in Tufted Carpets were:
United States $1.05B
United Kingdom $793M
Germany $526M

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Trade Value of Tufted Carpets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $32.5M
TOP IMPORT POTENTIALIndia+ $5.48M

Tufted Carpets’s highest export potential is United States. With an export gap of $32.5M.   Tufted Carpets’s highest import potential is India with an import gap of $5.48M.

See methodology.

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